guante question will save this response. Question : Question 1 16 points s Match each of the following stockholders' equity concepts to the most appropriate term (a-h). The account used to record the difference when issue price exceeds a. authorized shares par value of stock 3 b , issued shares The dollar amount assigned to each share of stock outstanding shares The number of shares currently held by stockholders d . par value A class of stock having first rights to dividends of a corporation e, common stock The maximum number of shares a company can issue to shareholders 1. preferred stock g. Paid-In Capital in Excess of Par The number of shares sold to stockholders htransfer agent A class of stock that provides no preference rights to shareholders A financial institution that records and maintains records of another company's stockholders. Question 2 6 points Save A. If Grant Corporation has 120,000 shares of common stock authorized, 75,000 shares of common stock issued, and holds 3,000 shares of common stock as treasury stock, the total number of outstanding shares of Grant Corporation amounts to 48,000. O 117.000 72,000. 54,000 Question 3 6 points Save Answe On January 1, 20x5, Dove Valley Corporation had 100,000 shares of $10 par value common stock issued and outstanding. All 100.000 shares had been issued in a prior period at $30 per share. On February 1, 20x5, Dove Valley purchased 4,000 shares of treasury stock for $36 per share and later sold the treasury shares for $40 per share on March 2, 2005. The entry to record the purchase of the treasury shares on February 1, 20x5, is: Cash 144,000 Treasury Stock Common 144,000 Cash 144,000 Treasury Stock Common 128.000 Gain on Treasury Stock-Common 16,000 Treasury Stock, Common 40,000 Loss on Treasury Stock-Common 104.000 Cash 144,000 Treasury Stock, Common 144,000 Cash 144,000 Question 4 Use the following information to answer the question below. The following accounts appear in the ledger of Pepper Corporation on December 31, 20x5 Preferred Stock Common Stock Additional Paid-in Capital, Preferred Additional Paid-in Capital, Common Retained Earnings $60,000 116,000 14,000 36,000 80,000 A balance sheet prepared on December 31, 20x5, would report total contributed capital of $176,000 $190,000 $226,000 $306,000. Question 5 6 points Save Answer The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 30,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? a. 25,000 b.30,000 0.70,000 d. 35,000 Question 6 Treasury shares plus outstanding shares equal unissued shares. subscribed shares. authorized shares. issued shares Question 9 The entry to record the issuance of common stock at a price above par includes a debit to a. Organizational Expenses b. Paid-In Capital in Excess of Par - Common Stock c. Cash d. Common Stock Question 10 The sale of treasury stock cannot result in an increase in Retained Earnings, the crediting of Paid-in Capital, Treasury Stock. the debiting of Paid-in Capital, Treasury Stock. an increase in total stockholders' equity. Question 11 Start-up and organization costs are capitalized, but never amortized. are capitalized and amortized, usually over five years. are expensed in the year incurred. appear on the balance sheet as a current asset. estion 12 6 points Save A When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,000 shares of $10 par value common stock. During its first month of operation, the corporation issued 8,500 shares of stock at a price of $16 per share. The entry to record the above transaction would include a a. debit to Common Stock for $85,000 b.debit to Cash for $85,000 C. credit to Paid-In Capital in Excess of Par for $51,000 d. credit to Common Stock for $136,000 Question 13 6 points When stock is issued for noncash assets or services, the dollar amount to be recorded for this exchange is determined by the treasurer of the corporation par value of the stock market value of the stock or the market value of the consideration received, whichever is greater. market value of the stock or the market value of the consideration received when the market value of the stock cannot be determined. Question 15 6 points Save Answer Use the following information to answer the question below. On January 1, 20x5, Falcon Corporation had 40,000 shares of 510 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $17 per share. On February 1, 20x5, Falcon purchased 3,100 shares of treasury stock for $19 per share and later sold the treasury shares for $26 per share on March 2, 20x5. What amount of gain due to these treasury stock transactions should be reported on the income statement for the year ended December 31, 20x5 ? 50 $21,700 53,100 52,170